Home > Statistics > Trend Indicator of Output > 2017 > May > Output of the national economy grew in May year-on-year, slight drop from previous month

Published: 14 July 2017

Output of the national economy grew in May year-on-year, slight drop from previous month

Seasonally adjusted output fell by 0.2 per cent in May 2017 from the month before. Adjusted for working days, output was 2.5 per cent higher than one year before. According to revised data, working-day adjusted output rose in April by 3.3 per cent (previously 3.8 per cent) from April 2016. Benchmarking was made to the levels of the national accounts published on 13 July and the simultaneous database update of the quarterly national accounts.

Volume of total output 2005 to 2017, trend and seasonally adjusted series

The series of the Trend Indicator of Output are seasonally adjusted with the Tramo/Seats method. The latest observations of the series adjusted for seasonal and random variation (seasonally adjusted and trend series) become revised with new observations in seasonal adjustment methods. Revisions especially at turning points of economic trends may be significant, which should be taken into consideration when using seasonally adjusted and trend data.

Working day adjusted change of total output from previous year’s corresponding month, %

Working day adjusted primary production fell by close on one per cent from the year before. Secondary production rose by five per cent and services by nearly two per cent from May 2016.

Primary production refers to agriculture, hunting, forestry and fishing. Secondary production includes manufacturing and construction. Services comprise trade, hotel and restaurant activities, transport and business activities, as well as real estate, renting and research services, financial intermediation and insurance, and public services.

Source: Trend Indicator of Output 2017 May, Statistics Finland

Inquiries: Ida Peltonen 029 551 3334, Veli-Pekka Karvinen 029 551 2667, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

Publication in pdf-format (187.8 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Revisions in these statistics

• Revisions in these statistics (14.7.2017)

---

Updated 14.7.2017